Day: August 25, 2023

Aug 25
GBP hits seven-week lows. Overview for 25.08.2023

The British pound sterling paired with the US dollar hit its lowest point in seven weeks. The current GBPUSD exchange rate stands at 1.2560. The market is actively reassessing its positions regarding the future actions of the Bank of England. Notably weak PMI statistics revealed that the country’s economy will not withstand any further tightening […]

Aug 25
EURUSD H4 I Bounce off Fibo Confluence?

TitleEURUSD H4 I Bounce off Fibo Confluence? TypeBullish Bounce Preference:Price is falling toward our pivot point of 1.07402 which is a multi swing low support level that aligns with 161.8 extension and 100% projection. A bounce off from here, price could rise to 1st resistance at 1.07997 which is a pullback resistance level. Alternative scenario:However, […]

Aug 25
Tech Stocks Slip Ahead of Jackson Hole – AMZN On Watch

Amazon Stocks Slide From Highs Shares in Amazon are trading a little higher ahead of the US open today. Despite the uptick, the stock is sitting around 9% down off the YTD highs following the recent correction. The move lower comes amidst a pullback in mega-cap tech stocks recently. A bumper set of Q2 earnings […]

Aug 25
FCA warns against MYBANKRATE.ONLINE

Unauthorised firm details Name: MYBANKRATE.ONLINE Website: https://mybankrate.online Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

Aug 25
FCA warns against GOLDTREASUREFX

Unauthorised firm details Name: GOLDTREASUREFX Address: 2nd Floor, 107 Charterhouse Street, London, England, UNITED KINGDOM, EC1M 6HW Email: [email protected] Website: https://goldtreasurefx.com Other Information: GOLD TREASURE FX Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details […]

Aug 25
FCA warns against Insolvency practitioners 4 U

Unauthorised firm details Name: Insolvency practitioners 4 U Address: Chandler House 7, 7 Ferry Road Office Park, Riversway, Preston, UNITED KINGDOM, PR2 2YH Telephone: 08001026942 Email: [email protected] Website: https://insolvencypractitioners4u.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also […]

Aug 25
FCA warns against FIRST OPTION FX LTD

Unauthorised firm details Name: FIRST OPTION FX LTD Address: 20- 22 Wenlock Road, London, UNITED KINGDOM, N1 7GU FDAM0932 Service Block, Al Jazirah, Al Hamra Industrial Zone-FZ, Ras Al Khaimah, UNITED ARAB EMIRATES Telephone: +971582507418 Email: [email protected], [email protected], [email protected], [email protected] Website: www.firstoptionfx.com Some firms may give incorrect contact details including postal addresses, telephone numbers and […]

Aug 25
Ichimoku Cloud Analysis 25.08.2023 (GBPUSD, USDJPY, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2630 is expected, followed by a decline to 1.2410. An additional signal confirming the decline will be a rebound from […]

Aug 25
Technical Analysis & Forecast 25.08.2023

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of correction to 1.0875, beginning a new declining wave. Today the market has demonstrated a structure of the move to 1.0777. A link of growth to 1.0810 is not excluded (with a test from below). Next, a decline to 1.0750 could follow, from where the […]

Aug 25
Dollar escapes key bearish corridor as Powell speech in Jackson Hole looms

US bond rates retreated from their highs on Wednesday after the BLS revised the annual job growth in the United States downward by 306K, which was lower than some experts had expected, with forecasts anticipating a decrease of 500K. The bond market’s reaction, characterized by a roughly 10 basis point drop in yields across all […]